What are the responsibilities and job description for the Compliance Analyst I position at Ultimus Fund Solutions, LLC?
SUMMARY
The Compliance Analyst I is responsible for assisting compliance officers in support of their Rule 38a-1 compliance program obligations for the clients of Ultimus Fund Solutions (UFS.) Additionally, this role may have significant contact with clients and various internal departments of UFS.
KEY ACCOUNTABILITIES
COMPLIANCE ANALYSIS
- Maintains and updates the UFS Internal Operating Guidelines as directed for operational related changes.
- Assists in examination of all fund and advisor-related compliance manuals for recent changes and updates on a weekly basis.
- Maintains and updates the quarterly reporting checklists and site visit checklists as directed.
- Assists in analyzing monthly portfolio holding disclosures for UFS clients; includes examining relevancy of timing, content, and audience according to SEC and rating agencies protocols.
- Reviews and validates SEC compliance calendar for all UFS clients ensuring all required filings are made in a timely manner; aids the Chief Compliance Officers (CCO) by researching any issues and ensuring timely and appropriate corrective action is taken.
- Conducts and reviews UFS prepared monthly portfolio compliance checklists of UFS clients; reviews for warning and exception activity or changes requiring updates; communicates findings to the appropriate CCO.
- Prepares and conducts periodic (e.g., daily, monthly, quarterly, and annual) tests to cover monitoring fund and client compliance to the fund prospectus, statement of additional information and regulatory rules.
- Reviews and analyzes various UFS prepared monthly reports, including rapid trading reports and commission reports for all UFS clients.
- Reviews and analyzes various adviser prepared reports including cross trades and liquidity reporting.
- Assists with monitoring, testing and oversight of service providers to fund clients including third-party and UFS transfer agents, distributors, administrators, and investment advisors.
- Assists with monitoring, testing, and oversight of other third-party service providers including custodians, pricing services, and proxy services.
- Maintains and updates monthly UFS billing schedules and periodic operation statistics.
- Maintains UFS client contracts in an organized manager.
- Coordinates background checks on new advisors and sub-advisors as requested.
- May conduct annual on-site client visits for funds with simplistic strategies including the review of advisor documentation such as ADV forms, compliance manuals, code of ethics and compliance testing.
- Assists in responding to SEC and other regulatory examinations and inquiries related to UFS, fund clients and their advisers.
- Keeps current on regulatory and industry development changes.
- Participates and assists in various projects.
REPORTING AND COMPLIANCE
WORKING RELATIOSHIPS
May perform other duties as required and assigned.
EDUCATION AND EXPERIENCE
KNOWLEDGE
SKILLS AND ABILITIES
Equivalent education, experience, KSA's will be considered.
Ultimus is an equal opportunity employer and does not discriminate on the basis of the applicant's or employee's race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.
